Articles Tagged with Park Avenue Securities LLC

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joseph Maukonen (Maukonen), currently associated with Park Avenue Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Maukonen recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on June 21, 2023.

The client alleges the financial advisor failed to follow instructions to invest funds in his IRA account in October 2022.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Howley (Howley), previously associated with Park Avenue Securities LLC, has at least 11 disclosable events. These events include 8 customer complaints, 3 regulatory events, alleging that Howley recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on December 29, 2021.

HOWLEY SOLD UNREGISTERED SECURITIES. HOWLEY ACTED AS AN AGENT WITHOUT REGISTRATION. HOWLEY WILLFULLY FAILED TO COMPLY WITH PARK A VENUE’S POLICIES. HOWLEY IS THE SUBJECT OF AN ORDER OF A SELF-REGULATORY ORGANIZATION EXPELLING HIM FROM A SELF-REGULATORY ORGANIZATION.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Nicholas Franco (Franco), currently associated with Park Avenue Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Franco recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on March 14, 2024.

Plaintiff alleges the RR made unsuitable recommendations when she was advised to transfer her retirement funds to an advisory account and to purchase a Jackson National variable annuity.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Kauzlarich (Kauzlarich), currently associated with Park Avenue Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Kauzlarich recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $462,000.00 on May 24, 2024.

In March 2022, client alleges the information he received was inaccurate when he informed the RR he wanted to move his account investments to cash but was told it could not be done since the line of credit that was collateralized with his account did not permit his account to hold cash. Client further alleges that he intructed the RR to change his risk model to a more conservative model and it was never processed.

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The law offices of Gana Weinstein LLP are currently investigating claims that Broker Luis Corrales (Corrales) has been accused by investors of engaging in fraudulent misappropriation of their funds. According to records kept by The Financial Industry Regulatory Authority (FINRA), it appears that Corrales was employed by Park Avenue Securities LLC at the time of the activity.  If you have been a victim of Corrales’s alleged misconduct our firm may be able to assist you in recovering funds.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $100,000.00 on June 21, 2024.

Claimant alleges the RR recommended she invest in three separate private investments that she believed were approved by the Firm.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Maureen Bobilya (Bobilya), previously associated with Park Avenue Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Bobilya recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on February 20, 2025.

The customer alleges that the premium payments for whole life insurance policies for other policy owners were taken from her bank account without her authorization in April 2023.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Andrew Roberson (Roberson), currently associated with Park Avenue Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Roberson recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $300,000.00 on February 28, 2025.

Client alleges the RR encouraged him to invest $300,000 in a solar tax credit program called H2, which is not an approved product of the Firm. Client states he lost $191,000 in the investment.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Hecker (Hecker), previously associated with Park Avenue Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Hecker recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on August 29, 2024.

Client alleges the RR made certain representations about the death benefit rider on a variable annuity purchased by the client, that turned out to be incorrect.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Donald Taylor (Taylor), currently associated with Park Avenue Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Taylor recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on August 29, 2024.

Client alleges the RR made certain representations about the death benefit rider on a variable annuity purchased by the client, that turned out to be incorrect.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Lang (Lang), currently associated with Park Avenue Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Lang recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on February 12, 2025.

Claimant alleges the liquidation of securities to purchase various fixed life insurance products was unsuitable.

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